Siloam Springs, AR Cost Of Living
Cost Of Living In Siloam Springs, AR Summary
Cost of living in Siloam Springs research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Siloam Springs is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Siloam Springs is 92, with 100 being the average.
The cost of living index in Siloam Springs is 0.9x lower than the national average.
Siloam Springs ranks as the #43 cheapest in Arkansas out of 69.
Siloam Springs ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Siloam Springs is $280,921.
The median income in Siloam Springs is $65,725.
Table Of Contents
Siloam Springs's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Siloam Springs, AR?
According to the most recent data on the cost of living, Siloam Springs has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Siloam Springs has a cost of living index that's 1.1x higher than Arkansas's index of 85.
The standard of living in Siloam Springs ranks as #43 most affordable out of the 69 places we measured in Arkansas. By definition, that implies Siloam Springs ranks as the #26 most expensive place in the Natural State.
For more reading on life in Siloam Springs, check out:
In Arkansas
In America
Siloam Springs Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Siloam Springs. Here is how it fairs on each of the criteria:
The Services index in Siloam Springs is 102.
The Groceries index in Siloam Springs is 90.
The Health index in Siloam Springs is 102.
The Housing index in Siloam Springs is 80.
The Transportation index in Siloam Springs is 97.
The Utilities index in Siloam Springs is 96.
| Living Expense | Siloam Springs | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 92 | 85 | 100 | |
| Services | 102 | 99 | 100 | |
| Groceries | 90 | 95 | 100 | |
| Health | 102 | 89 | 100 | |
| Housing | 80 | 65 | 100 | |
| Transportation | 97 | 90 | 100 | |
| Utilities | 96 | 93 | 100 | |
Siloam Springs, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Siloam Springs is $280,921.
The Median Rent in Siloam Springs is $941.
The Median Income in Siloam Springs is $65,725.
The Home Value To Income in Siloam Springs is 4.3x.
The Rent To Monthly Income in Siloam Springs is 0.17x.
| Statistic | Siloam Springs | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $280,921 | $218,895 | $303,400 |
| Median Rent | $941 | $914 | $1,348 |
| Median Income | $65,725 | $58,773 | $78,538 |
| Home Value To Income | 4.3x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.19x | 0.21x |
Median Home Value
Median Rent
Median Income
Siloam Springs, AR Costs By Category
Detailed Siloam Springs Services Costs Vs. Arkansas
| Item | Siloam Springs | Arkansas |
|---|---|---|
| Shampoo | $1.08 | $1.28 |
| Movie | $11.5 | $12.13 |
| Bowling | $14.71 | $18 |
| Haircut | $21.65 | $24.26 |
| Beauty Salon | $45.0 | $45.56 |
Detailed Siloam Springs Groceries Costs Vs. Arkansas
| Item | Siloam Springs | Arkansas |
|---|---|---|
| Ground Beef | $5.81 | $5.84 |
| Fried Chicken | $1.39 | $1.57 |
| Milk | $4.52 | $4.67 |
| Potatoes | $5.22 | $4.93 |
| Pizza | $10.1 | $12.09 |
| Beer | $10.21 | $10.41 |
| Toothpaste | $3.68 | $3.7 |
Detailed Siloam Springs Health Costs Vs. Arkansas
| Item | Siloam Springs | Arkansas |
|---|---|---|
| Optometrist | $99.78 | $125.68 |
| Doctor | $108.55 | $135.78 |
| Dentist | $83.89 | $113.29 |
Detailed Siloam Springs Transportation Costs Vs. Arkansas
| Item | Siloam Springs | Arkansas |
|---|---|---|
| Gasoline | $3.01 | $3.46 |
| Tire Balancing | $52.21 | $59.92 |
Detailed Siloam Springs Utilities Costs Vs. Arkansas
| Item | Siloam Springs | Arkansas |
|---|---|---|
| All Electricity | $150.82 | $193.99 |
| Phone | $203.29 | $192.25 |
Siloam Springs SnackAbility
/10
Cost Of Living In Cities Around Siloam Springs
The cost of living varies in the cities and towns around Siloam Springs. Here's a quick look at the cost of living in the most populous nearby places:
Fayetteville, AR has a cost of living index of 104, 1.1x Siloam Springs.
Springdale, AR has a cost of living index of 94, 1.0x Siloam Springs.
Rogers, AR has a cost of living index of 98, 1.1x Siloam Springs.
| City | Population | Cost Of Living | Vs. Siloam Springs |
|---|---|---|---|
| Fayetteville, AR | 97,227 | 104 | 1.1x |
| Springdale, AR | 87,388 | 94 | 1.0x |
| Rogers, AR | 71,411 | 98 | 1.1x |
| Bentonville, AR | 56,326 | 108 | 1.2x |
| Centerton, AR | 20,212 | 102 | 1.1x |
| Tahlequah, OK | 16,513 | 85 | 0.9x |
| Neosho, MO | 12,857 | 85 | 0.9x |
| Lowell, AR | 10,438 | 97 | 1.1x |
| Pryor Creek, OK | 9,520 | 84 | 0.9x |
